OPEC+ Steady on Oil Production Targets Despite Global Tensions

The OPEC+ Joint Ministerial Monitoring Committee met via videoconference on Sunday to review current oil market conditions and reaffirm its commitment to maintaining stability.

The committee decided to keep November's oil production targets steady, sticking to the agreement made in December 2024 under the OPEC+ cooperation framework.

The group expressed concern over attacks targeting energy infrastructure, noting that restoring damaged facilities is costly and time-consuming, which could affect overall supply availability.

The committee stressed the importance of protecting international maritime shipping routes to ensure the continuous flow of energy supplies.